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PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $183.61
- 4 Days on Market
- MLS # : 6167266
- Updated Date : 12/03/2020 at 14:43
CONSTRUCTION
- Beds : 3
- Floor Size : 1,470 sqft
- Baths : 2 full
Listing Agent
Investar Real Estate Specialists Llc
Listing Agent's Description
This charming home has been freshly painted on the inside and outside. New Wood look-like tiles in the entire home! The kitchen has plenty cabintry and pentry space. Backyard is good size with a full covered patio. It just wait for some personal touches. Please show. It looks great!
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PRICE & RENT TRENDS
Neighborhood: La Fontana Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: La Fontana Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,080 |
| EXPENSES | Loan Payment | -$996 |
| Property Tax | -$155 | |
| Property Insurance | -$56 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$226
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$269,900
PROJECTED PRICE
$1,080
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 8.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$77,274
LOAN DETAILS
$996
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $67,475 |
| Loan Amount | $202,425 |
1.75
YEARS SAVED
$3,603
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,080
LIST RENT -
$0.73
LIST RENT PER SQFT
-
$1,161
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
-
7437 W Oregon Avenue Glendale, AZ 1
- 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 1984
- Rent
- Rent Per SQFT
- $1,080
- $0.73
-
7728 W Reade Avenue Glendale, AZ 2
- 3 beds 1 baths ∙ 1,401 Sqft ∙ Built 1972 3 beds 1 baths ∙ 1,401 Sqft ∙ Built 1972
LEASED 09/23/19- Rent
- Rent Per SQFT
- $1,095
- $0.78
-
5458 N 77th Drive Glendale, AZ 3
- 4 beds 2 baths ∙ 1,696 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,696 Sqft ∙ Built 1999
LEASED 08/20/19- Rent
- Rent Per SQFT
- $1,325
- $0.78
-
7731 W Wolf Street Phoenix, AZ 4
- 4 beds 3 baths ∙ 1,718 Sqft ∙ Built 1979 4 beds 3 baths ∙ 1,718 Sqft ∙ Built 1979
LEASED 01/10/20- Rent
- Rent Per SQFT
- $1,350
- $0.79
-
7371 W Colter Street Glendale, AZ 5
- 3 beds 2 baths ∙ 1,727 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,727 Sqft ∙ Built 1990
LEASED 12/12/19- Rent
- Rent Per SQFT
- $1,395
- $0.81
PROPERTY LISTING DETAILS
Investar Real Estate Specialists Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6167266
Last Updated: 12/03/2020
Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
